Shareholders Seek Sanusi’s Removal
- By Kayode Ogunwale
- Published April 28th, 2010
- News
- Unrated
FOLLOWING the vote of no confidence passed on the on-going banking sector reforms by the national security adviser (NSA), General Aliyu Mohammed Gusau (rtd), shareholders under the aegis of Independent Shareholders Association of Nigeria, (Isan) have called on the governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, to resign from office.
Gusau at a security awareness seminar organised for the newly appointed ministers by his office in Abuja recently said that the CBN intervention “seemed to have damaged economic activities in the banking sector to the detriment of the larger society”, lamenting that “only a few banks were penalized for what every bank seems to be
doing.”
The association’s position that Sanusi’s reforms are not in the interest of the economy has been vindicated by General Gusau’s observation. They said that the best option for any government appointee in a circumstance like this is to resign honourably since the government does not share his views.
They maintained, “General Gusau was very right because the government cannot be sleeping when CBN is introducing policies that are killing the economy. No good government will fold its hands and watch the economy go down. The statement from a senior government official implies that they have lost faith in Sanusi. He should resign and go.” They added that both government and private sector are against the Sanusi’s purported
reforms.
The shareholders argued that based on the statement by the NSA, the apex bank
ought to recall all the sacked bank chief executives and hand the banks over to them. Reacting to CBN’s remarks that the rescued banks are now making profit, the shareholders said that this a pointer to the fact that Sanusi made a mistake in sacking the former chief executives of these banks. He stressed that all those appointed by Sanusi have yet to make any kobo for the banks.
Gusau at a security awareness seminar organised for the newly appointed ministers by his office in Abuja recently said that the CBN intervention “seemed to have damaged economic activities in the banking sector to the detriment of the larger society”, lamenting that “only a few banks were penalized for what every bank seems to be
doing.”
The association’s position that Sanusi’s reforms are not in the interest of the economy has been vindicated by General Gusau’s observation. They said that the best option for any government appointee in a circumstance like this is to resign honourably since the government does not share his views.
They maintained, “General Gusau was very right because the government cannot be sleeping when CBN is introducing policies that are killing the economy. No good government will fold its hands and watch the economy go down. The statement from a senior government official implies that they have lost faith in Sanusi. He should resign and go.” They added that both government and private sector are against the Sanusi’s purported
reforms.
The shareholders argued that based on the statement by the NSA, the apex bank
ought to recall all the sacked bank chief executives and hand the banks over to them. Reacting to CBN’s remarks that the rescued banks are now making profit, the shareholders said that this a pointer to the fact that Sanusi made a mistake in sacking the former chief executives of these banks. He stressed that all those appointed by Sanusi have yet to make any kobo for the banks.
